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Recent evidence indicates that Australia's real effective exchange rate, its terms of trade and a long-term real interest rate differential form a cointegrating relationship. This paper uses this evidence to analyse the nominal US$/A$ exchange rate.
Persistent link: https://www.econbiz.de/10005618965
The paper analyses the cointegration relationships and the causal links between the exchange rate of the US Dollar, on …
Persistent link: https://www.econbiz.de/10005619301
employed is an econometric methodology, which encompasses wide a range of tests for stationarity, cointegration and …
Persistent link: https://www.econbiz.de/10005619302
a cointegration model. We find a long-run price elasticity of –0.24, and an income elasticity of 0.18. These figures are …
Persistent link: https://www.econbiz.de/10005619450
Using econometric tools for selecting I(1) and I(2) trends, we found the existence of static long-run steady-state and dynamic long-run steady-state relations between temperature and radiative forcing of solar irradiance and a set of three greenhouse gases series. Estimates of the adjustment...
Persistent link: https://www.econbiz.de/10005619569
This paper estimates the money demand function for Jamaica using cointegration method. This approach provides estimates …
Persistent link: https://www.econbiz.de/10005619960
Since the early 1970s there has been a worldwide upsurge in the price of energy and in particular of gasoline. Therefore, demand functions for energy and its components like gasoline have received much attention. However, since confidence in the estimated demand functions is important for use in...
Persistent link: https://www.econbiz.de/10005620031
through 2001 Q2. By employing Johansen multivariate cointegration technique, this paper has considered the degree of …
Persistent link: https://www.econbiz.de/10005620139
introduced by Thirlwall (1979). According to cointegration analysis exports were an important determinant in the Bolivian …
Persistent link: https://www.econbiz.de/10005620158
testing approach to cointegration is employed to test the causal relationship between industrial production, exports and terms …
Persistent link: https://www.econbiz.de/10005621209